Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

$24.99

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Applied Materials Inc., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Oct 26, 2025 Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020
Semiconductor Systems
Applied Global Services (AGS)
Corporate and Other
Net revenue

Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).


The analysis of annual revenue data reveals notable growth trends across the different segments over the observed periods.

Semiconductor Systems
The revenue from Semiconductor Systems demonstrates a consistent upward trajectory from 11,367 million USD in 2020 to 20,798 million USD in 2025. This segment shows robust growth, particularly between 2020 and 2021, with an increase of approximately 43%. Growth continues steadily though at a slower pace in subsequent years, indicating sustained market demand and possibly successful product or market expansion strategies.
Applied Global Services (AGS)
Applied Global Services also exhibits a positive revenue trend, rising from 4,155 million USD in 2020 to 6,385 million USD in 2025. Growth in this segment is steady throughout the years, with moderate year-over-year increases reflecting ongoing demand for service offerings aligned with the core business. The growth rate appears consistent, suggesting a stable contribution to overall revenues.
Corporate and Other
The Corporate and Other segment shows a contrasting pattern compared to the other segments. Starting at 1,680 million USD in 2020, it peaks slightly in 2021 at 1,764 million USD but then declines to a low of 1,040 million USD in 2024 before experiencing a minor recovery to 1,185 million USD in 2025. This fluctuation might indicate restructuring activities, cost management efforts, or changes in ancillary operations impacting revenue in this category.
Net Revenue
Overall net revenue has increased consistently from 17,202 million USD in 2020 to 28,368 million USD in 2025, mirroring the growth observed primarily in the Semiconductor Systems and AGS segments. The steady rise in net revenue confirms the company's ability to expand its top line effectively over the six-year period. This growth reflects successful market penetration and resilience in its key business areas despite the variability in the Corporate and Other category.